Off With a Bang, Out With a Whimper
I was hoping for something a bit more in the way of fireworks-type rally Wednesday -- and it did begin as though it would really get going, with everyone all fired up -- but then the rally simply died. However, it didn't do so with any "oomph." Rather, it just petered out. Yet, curiously, the index put-call ratio slipped right back under 100%.
While that metric is not the negative it had once been, we have now seen sub-100% readings in three out of the last four sessions. When this gets persistently low, we know the market is due for a pullback....262 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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